MANILA, Philippines — Senate President Francis Escudero is confident that a new law which allows foreign investors to lease private land for up to 99 years woll make the country look more like an ideal investment destination.
"Foreign investors have long complained about the prohibitive provisions of our laws regarding the ownership of land by non-Filipinos. Businesses will never place their funds in destinations where there is uncertainty in laws and regulations. This law will go a long way in addressing these concerns," Escudero, an author of the law, said in a statement on Saturday.
He thanked President Ferdinand Marcos Jr. for supporting the measure.
Escudero says new lease law to make PH more appealing to investors
The president on Saturday signed Republic Act 12252.
Escudero says new lease law to make PH more appealing to investors
This new law amends the Investors' Lease Act by extending the lease period limit of 75 years., This news data comes from:http://st-vel-mk-qtlk.771bg.com
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- Bersamin letter proves Torre reassignments ‘valid’
- SC clarifies rules on land ownership
- Indonesia protests put spotlight on paramilitary police force
- Thai opposition's kingmaking summit fails to back new PM
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Marcos suspends importation of regular, well-milled rice for 60 days
- Israeli army: Gaza City now 'a dangerous combat zone'
- US appeals court blocks Trump's use of wartime law for deportations
- Trump moves to limit US stays of students, journalists
